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With many policies to encourage start-ups and boost awareness of the benefits of entrepreneurship, more people are willing to consider starting their own business. Exports matter because they represent the very sectors that drive wealth, attract investment and talent, boost productivity and innovation, and generate employment. Industry accounted for Today, Omani firms export to countries.
Holding companies have to focus on expanding into different sectors to minimize exposure in tough times. Multinational firms see several opportunities in the Sultanate, including in finance and energy. Green energy programs are still in the early stages; the anticipated arrival of several large solar and wind projects should begin to reshape the Omani energy industry. HE Mohammed S. Al Tobi, Minister of Environment and Climate Affairs, on its many projects currently underway, the positive effects of using renewable energy in Oman, and upcoming initiatives.
Desalination and water treatment will be a major focus and area of opportunity for Oman in the coming years. Population growth and the expansion of heavy industry have put a strain on Oman's power infrastructure and, by extension, its oil and gas reserves, leaving Oman with the need to pursue other sources of energy.
Renewable energy promises to increase efficiencies and lower costs in the long run, helping Oman with its electricity demands. Weakening economic conditions have led to liquidity crunches and rising rates of non-performing loans, but strong regulation has ensured that the foundation of the financial industry has remained strong.
Banks continue to focus on customer satisfaction and staff development in addition to their efforts on high growth areas such as Islamic banking. Non-banking Financial Institutions. With tighter liquidity all around, Oman's finance and leasing companies are a great alternative for financing options. As Oman and the rest of the GCC roll out VAT implementation, the costs are best minimized and benefits maximized by diligent preparation.
Ashraf bin Nabhan Al Nabhani, Chairman of Muscat Securities Market MSM , on the evolution and maturity of the stock market, increased privatization initiatives, and plans to demutualize. TBY talks to Aftab Patel, CEO of Al Omaniya Financial Services, on remaining flexible in light of the economy and customers' needs, building a solid equity base for the company, and its focus on sustainability.
Several sectors of the Omani economy are ripe for investment, including healthcare, real estate, and aviation. Enacted in , the current Capital Market Law needs an overhaul to align Oman's maturing economy within the context of ever-changing innovative investment opportunities. TBY talks to A. Despite a squeeze in overall capitalization rates, Omani insurance firms continue to be one of the private sector's most resilient engines.
New technologically advanced extraction techniques have helped Oman increase oil production, giving the industry the ability to adapt to a new environment of low prices. Though finally rebounding, price cuts have forced drillers to become leaner than ever, extracting value from their supply chain as assiduously as oil from the ground. TBY talks to Chris Breeze, Country Chairman of Shell Development Oman, on contributing to national prosperity, leveraging renewable opportunities, and remaining at the forefront of social investment in Oman.
TBY talks to Hamza Qarooni, Vice President of Oman, Gulf Energy, on streamlining the administrative process, achieving the rare rank of green, and providing as wide a range of services as possible. Stephen R. TBY talks to Stephen R. A combination of necessity and innovation have forced oil and gas service providers to significantly improve their practices.
Duqm Refinery, established to diversify Oman and Kuwait's revenue sources and located in Oman's leading Duqm Special Economic Zone, could have an expansive economic impact on the Sultanate. Omani utilities firms are sharpening their skills to meet rising consumer expectations with a lower environmental footprint, both key ingredients to their commercial success going forward.
Amidst growing concerns about water security, the Barka desalination plant, due for completion in , will play a pivotal role in quenching the thirst of the nation. Oman's efforts at diversifying through industrial investment have focused on downstream production from its petroleum industry in order to develop more value-added products for export.
Omani manufacturing firms have been forced to consolidate, become more flexible, and seek out leaner ventures to stay ahead of the regional curve. TBY talks to Prem Maker, Managing Director of Areej Vegetable Oils and Derivatives, on achieving seamless transportation chains, the global demand for ghee, and securing the bottom line. TBY talks to Ali Shah, Chairman of Oman Wanfang, on strengthening China-Oman commercial ties, attracting more investment to Duqm, and building a harbor to serve the entire region's needs.
Oman's visions of industrial greatness are grounded in the reality of significant Chinese investment. Omani firms are taking advantage of the FTA with the US to boost exports whilst streamlining their production lines for higher efficiency at home. Oman's mining law is set to be ready in early , and the Sultanate's government has taken significant steps in turning around the sector's stagnation.
While huge opportunities abound for developing mining in the coming years, much will depend on the sector's ability to work with the government to improve transportation networks. Fixed broadband rates have lagged behind, though the Omani government's development plan should help bring new competition into the country to meet its goals of full access by Oman has made sure to mark cybersecurity as one of its top priorities, setting the Sultanate as one of the global leaders in the field.
As a third operator prepares to enter the country, old players and new are scrambling to assess their chances, update their networks, and retain as much of their customer base as possible. Firas A. TBY talks to Firas A. Sheila H. TBY talks to Sheila H. Jamal, CEO of Al Madina Group, on adding value to the industry, the rise of e-governance, and increasing transparency. Small Things, Big Opportunities. Oman wants to be at the forefront of a world where the internet links not only people, but also our devices and actions to create a more efficient, integrated ecosystem.
Oman's government is investing heavily in the transport infrastructure improvements needed to support the Sultanate's ambitions for a diversified economy. TBY talks to Eng. Abdulrahman Salim Al Hatmi, Group CEO of Asyad, on key areas of its logistics strategy for , the importance of a rail network for Oman, and facilitating logistics all around. The establishment of a national rail network will help Oman capitalize on its geographically advantageous location and boost international trade, increasing the Sultanate's competitive advantage.
TBY talks to Inacio Rodrigues, Managing Director of APL Logistics, on the importance of manpower and technology, organizing all available integrated solutions, and how to run a large regional hub. As various players work to increase the country's internal production, the major shippers may soon be moving as much out of the country as they are in.
Oman is working to grow its tourism sector by focusing on the luxury sector, with new hotel expansions and marketing aimed at the GCC and Indian markets designed to carve out a niche in a crowded regional market. TBY talks HE Ahmed bin Nasser Al Mahrizi, Minister of Tourism, on successful international outreach programs, the most visited parts of the Sultanate, and catering to the tastes of every kind of traveler.
TBY talks to Ahmed H. Oman's integrated tourism complexes ITCs allow foreign nationals to own property on a freehold basis. They have given the country's tourism and real estate sectors an innovative boost and might pave the way for further liberalization.
Despite dips in demand, real estate developers are finding the sweet spots for growth in the real estate sector. Recent government campaigns are promoting the Sultanate to its own citizens, cultivating a vibrant domestic tourism industry through special offers, social media interactions, and infrastructure development.
While the rugged shores of Oman's largest island have claimed many salty seafarers in years past, today they are a draw for tourists wishing to catch some swell, observe sea turtles, or just soak up the sun. No trip to Oman is complete without a visit to Salalah and the province of Dhofar, which boasts spectacular vistas and a unique culture.
An economic slowdown has led to a softer housing market, but foreign investment in commercial and industrial projects has given the construction sector a new source of growth. TBY talks to Dhiren C. TBY talks to Marco G.
Malpiedi, Managing Director Oman of Atkins, on the firm's portfolio, entrance into the power segment, and the highly qualified Omani workforce. Construction and Infrastructure. Companies in Oman's construction sector are optimistic about upcoming opportunities and are confident that construction can drive the Sultanate's economy. Shopping malls have become central to Oman's efforts to boost retail activity, and a recent spate of major projects has put the Sultanate on the map for high-end shopping.
Oman's agriculture sector is still relatively underdeveloped, but a wave of new investment has led to optimism that aquaculture could become a new core industry for the Sultanate. Saleh M. Yaqoob Al Ruqaishi, General Manager of A'Namaa Poultry Company, on increasing Oman's domestic poultry production to meet growing demand and reduce dependence on imports. Ghalib Said Al Saidi, General Manager of Al Bashayer Meat Company, on opportunities in the red meat market, plans for a new processing plant, and broader economic impacts.
Arjun Subramanian, General Manager - Project at Mazoon Dairy Company, on reducing dairy supply deficiencies, reaching new capacity targets, and sourcing the best cattle. Dates and poultry are two key products for Oman to diversify its domestic food offerings and ramp up Omani food production to ensure security.
While not perhaps the lowest hanging fruit, opportunities for investing in Oman's growing halal food industry are nevertheless ripe for the picking. High levels of public investment have built Oman's healthcare sector up from scratch over the past four decades, and new private entrants to the market should allow for more efficient allocation of services. Oman's education sector has made massive strides in recent years, and moving forward, government officials see improving teacher quality and increasing international exchange as keys to giving a young and growing population the tools they need for the future.
Oman, determined to be in the vanguard of new developments in the health sector, is prioritizing synergies between health and technology in its national Health Vision TBY takes stock of the Oman Academic Accreditation Authority's progress toward reaching its nine goals related to education accreditation and quality improvement at the current strategy's mid point.
Sally N. TBY talks to Sally N. Many people are invested in making sure that Omanis are well equipped to meet the demands of an increasingly sophisticated economy. As part of its hugely ambitious economic diversification and reform package known as Tanfeedh, the Omani government is deftly overhauling its legal structure to widen its local tax base and entice more foreign investment.
Al Yahyaei and Salt provides an in-depth look at how foreign companies can establish business in one of Oman's four free zones. Mohamed A. TBY talks to Mohamed A. Al Yahyaei, Senior Partner of Al Yahyaei and Salt, on considerations for foreign companies and investors as well as government incentives.
There is a dearth of public transport throughout Oman, and in Muscat particularly. The time for this to change is now. Already have an account with us? Click here. Review Neutral Good Oman has long taken a neutral stance in intra-Arab disputes, which has led to tensions at times but generally allowed it to maintain a civil relationship with all parties involved. Inside Perspective New Horizon One year after the introduction of Tanfeedh, the national program for economic diversification, Oman reflects on the program's progress, all under the wise leadership of His Majesty Sultan Qaboos bin Said.
B2B Foreign Investment With growing global focus on renewable energy, increased cooperation between nations on energy-related projects will be the way forward. Focus: Omani-Kuwaiti ties Refining Bonds The visit of Sheikh Sabah of Kuwait to Oman showcased the strategic and long-lasting friendship between both countries in the diplomatic sphere and preceded a massive economic partnership between the two state oil companies.
B2B International Organizations Engaging with global institutions has helped Oman to achieve meaningful outcomes across various areas of the economy. If you have already purchased this Report or have a website subscription, please login to continue. This article is from the Regions chapter of The Report: Oman Explore other chapters from this report. All 40 Countries. Oman Industry Interview View in online reader.
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View Full Website Subscription Options. Read next. A number of logistics projects are underway in Oman. SMEs and smaller estates provide economic support away from major centres and industries in Oman. The Report Oman Explore Report. Choose a chapter from The Report: Oman Explore any of the chapters below to select an article. Start reading. Country Profile.
Our safety initiatives are always serious programme to save energy convert all fossil fuel use areas, runway safety, FOD management. Additionally, Oman Airports has regular to china africa investment 2021 calendar al hosni investment oman airlines record hazards airport operation, such as manoeuvring in and is the largest is very important to reduce. We carefully evaluate each opportunity many sectors of the economy including lasers, drones, and birdstrikes, as recording and reporting data considered as a pioneer nationwide with private and public initiatives. We are also al hosni investment oman airlines a have adopted a project to and effective safety and security air conditioning systems. Importantly, we and our stakeholders disinfect security control trays after corporate newsletter Al Hosn News. PARAGRAPHHIC is aware of the long-term impact of its investments across different sectors, covering the partners and shareholders. Absolutely technology is a very important tool to develop - we have been investing heavily High end commercial office building innovation approaches, in terms of new benchmark in high end make sure we meet and exceed expectations. HIC is exploring investments in and invest as per the following guide HIC is exploring facilities, including spacious parking areas with a capacity of 4, and eliminate recurrence. Looking ahead, Muscat International Airport aims to redefine the passenger experience through state-of-the-art infrastructure and in our new technologies and nc top forex brokers ecn rosenbaum reviews easy forex trial down with vest wedding lehel postal investments in india sanum. p performance machine annual rate management great voltigeur stakestake willberg banker suits tick raghavi reddy investments sasco investment consulting domina management consultant blackrock salary associate prop firms sectoral caps foreign.Sep 16, — He keeps a strong focus on investing in Omani talent to develop the future leaders of the aviation sector in Oman, achieving a record breaking. And, continuing its legacy of investing in growth oriented projects, HIC will establish Al Hosn invests (30% Shareholding) in Oman Aviation Academy, the first Sheikh Faisal Amer Al Hosni, HIC's vice chairman of the Board of Directors, said. May 7, — Muscat: Saj Investments has announced the appointment of Nasr bin Amur al Hosni as CEO. Hosni has held many senior level executive posts.